America-First Investment Funds Set to Debut in 2025
Trump Media and Technology Group Corp. (Nasdaq: DJT), known for its social media platform Truth Social, streaming service Truth+, and FinTech venture Truth.Fi, has announced a non-binding agreement with Crypto.com. This collaboration aims to introduce a lineup of exchange-traded funds (ETFs) and exchange-traded products under the Truth.Fi umbrella. The ETFs, facilitated through Crypto.com’s broker dealer, Foris Capital US LLC, are designed to include a range of digital assets alongside securities that emphasize a Made in America ethos, covering various sectors, including energy.
Crypto.com is set to provide essential backend technology, custody services, and the necessary cryptocurrencies for these ETFs, which are projected to feature a distinctive basket of cryptocurrencies including Bitcoin, Cronos, and others. The launch is anticipated later this year, pending a definitive agreement and regulatory approval, with plans for global availability across the U.S., Europe, and Asia through established platforms and brokerages.
Leadership Insights on the New Investment Initiative
TMTG’s CEO and Chairman, Devin Nunes, expressed enthusiasm about the partnership with Crypto.com and Yorkville America, highlighting the intention to create America First investment products. These offerings aim to support innovative crypto projects, reputable American companies, and advanced technologies. Nunes emphasized the goal of developing funds that focus on rapid growth and technological advancements while promoting the U.S. economy without the influence of political correctness. He noted that investors will now have options that align with their values and support companies dedicated to their core missions.
Kris Marszalek, co-founder and CEO of Crypto.com, echoed Nunes’ sentiments, stating pride in collaborating with Truth Social and Yorkville America. He highlighted that these new ETFs will provide consumers with more investment choices from a brand that has garnered a loyal following. Once launched, these investment products will be accessible on the Crypto.com App, catering to the platform’s over 140 million global users.
Complementary Investment Accounts and Financial Strategy
The planned ETFs will be introduced alongside Truth.Fi’s Separately Managed Accounts (SMAs). Both the ETFs and SMAs are part of TMTG’s broader financial services and FinTech strategy, with the company planning to invest up to $250 million, which will be held by Charles Schwab.
About TMTG and Its Mission
TMTG aims to combat what it perceives as Big Tech’s infringement on free speech by fostering an open internet where individuals can express themselves freely. The company operates Truth Social, a platform designed to offer a refuge for free expression amidst increasing censorship from major tech firms. It also runs Truth+, a streaming service focused on family-friendly content, and is launching Truth.Fi to introduce investment products that resonate with America First principles.
Overview of Crypto.com
Founded in 2016, Crypto.com serves over 140 million customers worldwide and is recognized as an industry leader in regulatory compliance, security, and privacy. The company’s vision is straightforward: to achieve Cryptocurrency in Every Wallet™. Crypto.com is dedicated to promoting cryptocurrency adoption through innovation, empowering a new generation of builders, creators, and entrepreneurs to establish a more just and equitable digital landscape.
Forward-Looking Statements Caution
This announcement contains forward-looking statements as defined by the U.S. Private Securities Litigation Reform Act of 1995. These statements, which encompass future plans, strategies, and financial prospects for TMTG and its offerings, are based on current expectations about potential future events, including product rollouts and regulatory approvals. While these projections are made with reasonable belief, they are not guarantees of future performance and are subject to inherent risks and uncertainties that may lead to outcomes that differ significantly from those anticipated.
Investors should be aware that the forward-looking statements made in this release are not assured and may be influenced by various factors including economic conditions, competition, and operational challenges. Readers are encouraged to consider these risks and not place undue reliance on the predictions made herein.
